Lets get past the reality arguments for market theory, and realise that they are creations to best serve other markets ultimately from the start.
These manifested forms do not work unless there is an alignment of market forces in the greater space of trade.
Getting to a superb state within that arrives at understanding that they are composed of diverse things and do what they do, best.
While not negating the latest theory, the Blockchain, as it is a vision-based business making exercise, is a good model to look at when attempting to understanding how the complex, can be extracted as a microcosm to a wider audience; what makes this interesting is when various interactors become enhanced by non-Blockchain participators.
What theory do you have for what makes a market superb?